IRB Infrastructure Developers Ltd has posted results for the third quarter ended 31st Dcember, 2011.
Its net profit was stood at Rs1.31bn as compared to Rs1.33bn for the corresponding quarter.
The net sales was stood at Rs7.45bn as compared to Rs6.99bn for the corresponding quarter.
Total Income has increased from Rs 6805.190 mn for the quarter ended December 31, 2010 to 7792.322 mn for the quarter ended December 31, 2011.
The profit after tax was flat on y-o-y basis due to increased amortization and interest cost of Surat Dahisar Project since the project has become operational.
The company has declared a profit of Rs. 3.79bn on total income of Rs. 23.75bn for nine months ended December 31, 2011. Income from operations for the nine months ended December 31, 2011 is Rs. 22.83bn, up by 37 % from Rs 16.71bn for nine months ended December 31, 2010.
Virendra D. Mhaiskar, Chairman & Managing Director of IRB said,“We are on track to deliver growth as per guidance provided by us at the beginning of the year.”
The company has also announced that the Board of Directors of the Company at itsmeeting held on January 25, 2012, has declared interim Dividend of Rs. 1.80 per equity share of face value of Rs. 10/- each, for the year 2011-2012.